Notable Put Options Activity in Teekay
Shares of Teekay (NYSE: TK) are lower on the session by 0.37%, currently trading at $26.93. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average.
Options traders are focusing on puts today. The strike seeing th2000/1e heaviest action is the April 2012 $17.50 put, which has traded 1,400 times on open interest of 56 contracts.
Put volume is outpacing call volume by 12 to 1.
Teekay Corporation is a provider of international crude oil and gas marine transportation services. It also offers offshore oil production, storage and offloading services, primarily under long-term, fixed-rate contracts
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